FXstreet.com (Barcelona) - U.S stock markets are going trough gains on early Wednesday's session after an slightly weak opening, with the investor's focus on gold prices, which have stalled right at 1,000 level. The Dollar remains losing ground against Euro and Pound.
Dow Jones Industrials Index trades 0.29% above its opening level, while the Nasdaq Index trades 0.43% up, and the S&P Index rises 0.38% in the first hour of trading.
in absence of macroeconomic events on early trade, investors focus is set on the Fed's Beige Book, which will be released later on the day, for hints about the strength of U.S. economic recovery
Dollar, at year lows
EUR/USD has broken above the sideways range around 1.4500 seen during European morning, and the pair has reached another 2009 high at 1.4589, and remains trading at short distance below 1.4600
GBP/USD bounced on 1.6455 on European session and the pair has taken back previous losses to reach session low at 1.6573 on early U.S. session, few pips short of Tuesday's high at 1.6585.
USD/JPY has declined from 92.60 day high, and the pair has breached below early July low at 94.95 to reach a fresh 7-month low at 91.60.